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      Wells Fargo Adjusts 2027 Oil Price Forecasts Amid Supply Concerns

      Wells Fargo has updated its oil price forecasts for 2027, raising its target for West Texas Intermediate (WTI) crude oil to a range of $75 to $85 per barrel, while also increasing its Brent crude target to between $80 and $90 per barrel. This adjustment comes as the financial services firm highlights ongoing supply risks and the necessity to replenish depleted oil inventories.

      The firm anticipates that oil prices will moderate from recent peaks but are expected to remain elevated through 2027. This outlook reflects concerns over supply disruptions that could impact the global oil market in the coming years.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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